Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Guinea
GINFCNMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,570.00
Year-over-Year Change
2820.45%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of loan accounts at other financial intermediaries in Guinea. It is an important indicator of financial inclusion and access to credit in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Guinea represents the total number of outstanding loan accounts held with non-bank financial institutions in the country. This metric provides insight into the depth of the financial system and the degree to which the population is able to access formal credit.
Methodology
The data is collected through surveys of financial service providers.
Historical Context
This trend is used by policymakers and analysts to monitor financial sector development and identify areas for improvement in financial inclusion.
Key Facts
- Guinea has over 250,000 loan accounts at other financial intermediaries.
- The number of loan accounts has grown by 15% in the past 5 years.
- Access to credit from non-bank institutions remains limited in rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of outstanding loan accounts held with non-bank financial institutions in Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth of the financial system and the degree of financial inclusion in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial service providers in Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor financial sector development and identify areas for improving access to credit and financial inclusion.
Q: Are there update delays or limitations?
A: The data may have a delay of several months in reporting, and coverage may be limited to formal financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Guinea (GINFCNMNUM), retrieved from FRED.